Oil prices fell 1 percent on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russian Federation to cut output.Brent crude futures were down 53 cents, or 1 percent, from their last close at $51.13 per barrel at 0028 GMT.U.S. July Brent crude on London's ICE Futures exchange fell $0.44 to $51.21 a barrel.

West Texas Intermediate crude was up 0.9% to $49.27 a barrel on Tuesday morning.

The fall in prices came just days after Saudi Arabia and Russian Federation said had on Monday that they agreed the need for a 1.8 million barrels per day (bpd) crude supply cut by the Organization of the Petroleum Exporting Countries (OPEC) and some other producers, including Russian Federation, to be extended for nine months, until the end of March 2018.

Kuwait's oil minister, Essam al-Marzouq, said on Tuesday he supported the Saudi/Russian initiative.

Following the Russia-Saudi statement, Kazakh Energy Minister Kanat Bozumbayev said "Kazakhstan should follow the trend", in comments reported by Russia's RIA Novosti agency.

For OPEC to reach its goal of bringing global inventories back to the five-year average, the cartel will need to drain its supplies by 1 million barrels a day over the next 10 months, said Bernstein Research, calling the extension of the 1.8-million barrel per day cuts into 2018 as critical and logical.

"We have said many times that Oman is in support of anything that will raise and sustain the oil price".

Monday's gains come after the commodity was battered earlier this month on worries that the production cut was not enough to make a dent in a worldwide supply glut and increasing output from the U.S. and other nations. Libya and Nigeria, which have faced disruptions to production, were excluded from limits on their output.

"That such a large output cut extension is a tacit admission of failure is for another day and discussion", he said in a note.

U.S. shale producers have kept oil prices below Saudi Arabia's target of $60 a barrel, with supplies coming back online at faster rates than expected.

But it isn't clear that these cuts will be able to reduce the glut of oil that precipitated crude's price collapse. This recent increase in production could force the hand of OPEC with regard to future output levels.

Iguodala is listed as questionable for Game 2 of the Western Conference finals Tuesday against the San Antonio Spurs. The 2015 NBA Finals MVP is now averaging 7.0 points, 3.3 assists, and 4.4 rebounds per game this playoff.

Trump, in his termination letter to Comey, said Comey told him on three different occasions that Trump wasn't under investigation. After all, there is no evidence to suggest that Trump is under investigation for colluding with the Russian government.

Uber's Autonomous Vehicle Group (ATG) now employs some 500 people - many of them engineers and developers - in Steel City. But Alsup determined that Waymo's patent infringement theories were too weak to support such an order.

Sino-Pak friendship is deep rooted and China will take all possible measures to make Pakistan stronger on economic front. He said the Gwadar port would link up East, West and South Asia, besides reaching out to African and European markets.

The three other candidates known as "reformists" are Rouhani, First Vice-President Eshaq Jahangiri, and Mostafa Hashemitaba. Qalibaf finished second in the last election four years ago but with only 16.5 percent of the vote.

It's not the first time a Trump speech has coincidentally mirrored other famous speeches. "It's probably just a coincidence". Over the weekend, Donald Trump delivered the commencement address at Liberty University.

The list of institutions affected is expected to grow as more become aware of hacks or if more variants spread infections. Around a fifth of NHS trusts were hit in the attack, forcing them to postpone operations and procedures over the weekend.

"Given the manner of Comey's firing and the pretextual reasons proffered for it, there is no other way", he wrote. All I want is for Comey to be honest and I hope he will be, and I'm sure he will be, I hope".

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